Chapter 786: Self-defeating
"The Qingyuan Securities case involved a small amount of money, but it was a judicial loophole in stock credit trading. Pen Fun Pavilion www.biquge.info"
"The law cannot limit the leverage of the capital market."
"The manufacturing data is stable, and there may be room for growth in the future."
The tacit understanding of big capital began to create a market full of divergent opinions, first throwing out positive views, and then depreciating.
"If there are loopholes, they will be filled, strengthening supervision is a foregone conclusion, and members of Congress have proposed new legislative bills."
"South Korea's trade has shrunk significantly, and the surplus has become smaller, which could ripple into the stock market."
"The situation is shaking, and the tertiary industry is facing a cold winter."
If the market is always alive and dead, then everyone doesn't need to trade, just watch the price changes.
Whether it is bearish or bullish, when the position is insufficient, there is only one tacit understanding of big capital: to keep the market divided and opposed.
Only in this way will the appearance of quantitative energy not be abrupt, only in this way will the trading order be active, and only in this way will the long and short sides have the opportunity to open positions.
For retail investors, they need to extract useful things from this information, and then operate, big money is actually the same, but everyone is playing the manipulation of market psychology, the capital market, in the final analysis, is the same as the election, the more votes you get, the more money you follow, the market will develop in the direction you expect.
Now, it's an upfront hedge.
A large number of orders were thrown out, the South Korean capital market was seriously divided, the turnover rate continued to rise, and the volume and energy column soared to the sky.
On October 10, in just one morning, the trading volume of the South Korean stock market exceeded 10 billion US dollars, that is, more than 10 trillion yuan, which is almost two or three times the usual daily trading volume.
In the afternoon, the market burst out with a volume of energy that was not much different from that in the morning.
On Wednesday, October 11, the volume can be reduced, but the figure of $16.8 billion is also terrifying enough.
On Thursday, October 12, the volume of energy was able to exceed 14 billion US dollars, and the slowdown trend is obvious.
After three days, the most obvious phenomenon is that large funds have handed over pricing power to the market, which is the so-called 70% of retail investors.
Whether it is long or short, everyone chooses to fight at the pricing point of the general trend of the market.
However, it cannot be said that large funds will lose their decisive power, not to mention the funds that are enough to guide the direction of the market, just exerting influence from the information and policy aspects, it is enough to achieve the goal.
For example, I publish a research report on the market directly on the National Business Daily, and then invest money to guide the market towards my analysis conclusions, which is the way to exert force, and the final result can affect other market participants.
Media like the "Daily Economic News" have "discipline", or their interests are different, they need to maintain their "neutral" and "objective" positions, but the most important thing is to maintain a correct rate.
If the bulls have an advantage, the media will be biased to that side, and the bears will have the upper hand, and the media will take advantage of the trend to look down on the capital market, coupled with the influence and internal network exerted by various institutions, which will eventually lead to a divergence in the voice of the market.
The weekly trading volume broke through $50 billion, which is a breakthrough for the Korean stock market, and what is even more amazing is that the KOSPI index has been hovering below 2150, with high volume and low amplitude, and fools can see that this is an extremely serious phenomenon of long and short divergence.
"This is the financial world." People who know but are outside the circle are shocked inexplicably.
The position of the Thunder stock market exceeded 8 billion US dollars, Hanlong, HSBC, Qingyu, Keda and other institutions added more than 10 billion new positions, foreign exchange, options, and futures fluctuated with the trend.
By this time, it was clear to everyone that it was time to see the poor dagger.
Institutional positions are almost exposed to other market participants, long and short positions have reached a critical point, and the trend of expanding the amplitude of the market is completely irrepressible, everyone ...... Each according to his ability.
Lei Hao didn't run out of cash, and even in order to keep more cash, he also used a considerable proportion of the financing line, in order to retain enough strength to use now.
"It's time to pull up the index." This is the idea of the bulls.
"It's time to start cracking down on the index." This is the idea of the bears.
In the afternoon, the stock market closed, and the Korea Stock Exchange issued an announcement to strictly investigate illegal leveraged trading.
Immediately afterward, a member of the South Korean parliament said that a new bill for stock credit trading had been submitted.
China's Ministry of Commerce announced that it has reached a cooperation intention with South Korean companies, and the two sides will cooperate in the fields of automobile manufacturing and electronic semiconductors.
Park Hae-wook and other pro-China factions jumped out and said that this was another milestone in the friendly cooperation between China and South Korea, and urged the media to say that the analysis of the data means very simple, there is money to be made!
For the direction of the market on Friday, the two sides have made moves one after another, and the mainstream voice of the market is in chaos.
Normally, there are good and bearish sides, and eventually the market will maintain a narrow range of shocks, if the market is relatively closed, market participants have a low ability to think independently, the situation will still become a situation of capital hedging.
This is not a good situation for the Thunder, they are outsiders, and they can know that the short capital sitting on the home court will not let go of the support of their own government.
Moreover...... People don't plan to play a tug-of-war with you at all.
Late at night, the United States announced that it would discuss the US-South Korea free trade agreement, which affected automobile manufacturing and other fields, and the Federal Reserve announced its interest rate hike plan again.
Japan's candidate for the next prime minister has raised the banner of renegotiation of the China-Japan-South Korea Free Trade Agreement.
The IMF again accused China of manipulating the exchange rate, and Japan and South Korea followed.
Institutions such as Thunder, Hanlong, and Qingyu red capital, pro-China capital, HSBC, and Keda expressed their discomfort.
The difficulties were predictable, but the bulls did not expect such a difficult situation at all.
From exchange rates to trade deals to political situations, the United States, Japan, and South Korea have overexerted themselves.
Thunder is also a little dumbfounded internally, the financial industry is an industry that is linked to all fields, but it doesn't mean that if you are strong and capricious, you can be completely nonsense.
Every agreement between countries is through the exchange of interests, if you move the knife casually, the loss is not borne unilaterally, and if the force is too violent, it will lead to a situation where the gains outweigh the losses.
For example, you are cool now, but you make the KOSPI index go down by exerting too much force, and you want to go back in the future? That's not that simple.
The moon is in the sky, and the night is like a wash.
The thunder in the middle of the night is still in a meeting, but everyone feels a coldness, the bears are too strong, and the target is obviously the thunder, and it is not clear what will happen in the long term, but it is doomed to decline in the short term.
"Mr. Lei ...... "Everyone wants to say something, but in the face of this brilliant trend, others obviously hurt people, what can you do?"
"It's okay, wait, you know, South Korea is a wonderful country." Lei Hao had a strange smile on his face.
Late at night in Yenching time, at noon in Washington, the United States announced that it and South Korea would expand the scale of joint military exercises.
It seems that this is a bearish as it will lead to further tensions in the surrounding area, however...... Lei Hao finally waited for the moment when these guys were self-defeating.